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Omai Gold Mines
(OMG)
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Rating:44Neutral
Price Target:
C$2.50
▼(-19.35% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily held down by weak financial performance—no revenue, deteriorating losses, and sharply higher cash burn—despite the benefit of a low-debt balance sheet. Technicals are mixed with modest longer-term support but weak near-term momentum, and valuation support is limited due to a negative P/E and no dividend data.
Positive Factors
Low leverage
Effectively no debt limits refinancing pressure and reduces fixed financial obligations while the company advances its project. This provides greater flexibility than a highly leveraged exploration business, although it does not eliminate the need to fund ongoing losses and development activity.
Negative Factors
Pre-revenue status
With no operating revenue, OMG remains dependent on external funding and project advancement rather than internally generated sales. This limits earnings visibility and means the company has not yet demonstrated that its exploration assets can support a self-sustaining operating business.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Effectively no debt limits refinancing pressure and reduces fixed financial obligations while the company advances its project. This provides greater flexibility than a highly leveraged exploration business, although it does not eliminate the need to fund ongoing losses and development activity.
Read all positive factors
Omai Gold Mines (OMG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.79B
Dividend YieldN/A
Average Volume (3M)1.58M
Price to Earnings (P/E)―
Beta (1Y)2.15
Revenue GrowthN/A
EPS Growth-46.18%
CountryCA
Employees25
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding676,669,200
10 Day Avg. Volume2,878,767
30 Day Avg. Volume1,583,482
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)15.20
Price to Sales (P/S)0.00
P/FCF Ratio-56.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$4.42Price Target Upside42.47% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Omai Gold Mines Business Overview & Revenue Model
Company Description
Omai Gold Mines Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties. The company explores for gold and precious mineral deposits, as well as stones. It holds a 100% interests in the Omai prospecting lic...
How the Company Makes Money
OMG’s expected revenue model is tied to the development and operation (directly or via partners) of its gold properties, primarily the Omai Gold Project. If the project is advanced into production, the primary revenue stream would be the sale of g...
Omai Gold Mines Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -161.90K | -78.69K | -47.30K | -65.16K | -43.64K | -38.31K |
| EBITDA | -20.18M | -14.36M | -5.28M | -3.37M | -4.15M | -6.88M |
| Net Income | -19.93M | -13.83M | -5.77M | -3.41M | -4.88M | -7.25M |
Balance Sheet | ||||||
| Total Assets | 36.50M | 43.76M | 7.32M | 4.28M | 6.71M | 7.80M |
| Cash, Cash Equivalents and Short-Term Investments | 33.91M | 42.55M | 6.52M | 476.37K | 2.98M | 3.57M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 295.00K |
| Total Liabilities | 2.97M | 2.31M | 1.64M | 883.60K | 788.59K | 2.36M |
| Stockholders Equity | 33.53M | 41.44M | 5.69M | 3.39M | 5.92M | 5.45M |
Cash Flow | ||||||
| Free Cash Flow | -13.32M | -11.09M | -4.61M | -2.52M | -5.12M | -7.28M |
| Operating Cash Flow | -12.90M | -10.86M | -4.52M | -2.34M | -4.12M | -6.15M |
| Investing Cash Flow | -29.90M | -31.08M | -93.03K | -188.11K | -1.00M | -1.13M |
| Financing Cash Flow | 29.65M | 46.57M | 10.51M | 89.00 | 4.60M | 7.26M |
Omai Gold Mines Technical Analysis
Neutral
3.10
Price Trends
2.62
Positive
2.52
Positive
2.10
Positive
Market Momentum
>-0.01
Positive
44.36
Neutral
29.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OMG, the sentiment is Neutral. The current price of 3.1 is above the 20-day moving average (MA) of 2.92, above the 50-day MA of 2.62, and above the 200-day MA of 2.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.36 is Neutral, neither overbought nor oversold. The STOCH value of 29.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:OMG.
Omai Gold Mines Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | C$919.87M | 3.22 | 52.47% | 4.85% | 29.42% | 47.07% | |
76 Outperform | C$1.24B | 16.61 | 33.99% | ― | 79.46% | 102.76% | |
69 Neutral | C$821.40M | 8.11 | 29.16% | ― | 91.02% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | C$1.79B | -64.09 | -61.04% | ― | ― | -46.18% |
* General Sector Average
TSE:OMG
Omai Gold Mines
2.64
1.68
175.00%
TSE:GAU
Galiano Gold
3.06
-0.49
-13.80%
TSE:MKO
Mako Mining Corp
13.97
7.57
118.28%
TSE:THX
Thor Explorations
1.35
0.25
23.18%
Omai Gold Mines Corporate Events
Business Operations and Strategy
Omai Gold Extends High-Grade Zones at Wenot as Drilling Underpins Larger Mine Plan
Positive
Sep 1, 2026
Omai Gold Mines reported further strong assay results from 11 additional diamond drill holes at the Wenot deposit, part of its ongoing 50,000-metre drilling campaign at the Omai Gold Project in Guyana. All holes intersected multiple gold zones, hi...
Business Operations and StrategyFinancial Disclosures
Omai Gold Unveils Strong PEA for Large-Scale Guyana Gold Project
Positive
Aug 19, 2026
Omai Gold Mines has released a positive Preliminary Economic Assessment for its Omai Project in Guyana, outlining a combined Wenot open pit and Gilt underground operation with average annual production of 351,488 ounces over an 18-year mine life. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.